A U.S. International Trade Commission administrative judge has ruled that a probe into Samsung Electronics Co. Ltd., Nintendo Co. Ltd., and other top tech companies over alleged optical disc drive patent infringement should be terminated, according to an order recently made public.
Argentina’s government on Thursday said the collapse of negotiations with hedge funds demanding payment on government bonds was due to the “malpractice” of the U.S. judiciary and denied that it had defaulted on its sovereign debt for the second time in 13 years.
The U.S. Department of Energy said Thursday that Leucadia National Corp.’s planned $6 billion liquefied natural gas export terminal on the Oregon coast can export LNG to countries that don’t have free trade agreements with the U.S., the second facility in the Beaver State to earn such approval.
A World Trade Organization deal aimed at smoothing the flow of global commerce will not be implemented on schedule as negotiators failed to overcome opposition from developing nations aiming to tether the pact to food security initiatives, WTO Director-General Roberto Azevedo said late Thursday.
The European Union on Thursday finalized its harshest round of economic sanctions against Russian financial, energy and defense firms in response to the persistent unrest in Ukraine amid growing cries from Moscow that the measures enacted by the EU and the U.S. are unjustified.
The South Korean government will ease some rules around foreign exchange transactions, in order to make them more "customer friendly" for individuals and businesses, the Ministry of Strategy and Finance said on Thursday.
The Federal Energy Regulatory Commission on Wednesday gave its blessing to Freeport LNG Development LP to build a natural gas liquefaction facility and export terminal at its import facility in Texas, the third LNG export project to receive commission approval.
A European Union oversight agency launched a pair of investigations Thursday aiming to improve the transparency of the Transatlantic Trade and Investment Partnership talks with the U.S., dealing another blow to an agreement that has been pilloried with criticisms of secrecy since its launch one year ago.
Several Wall Street lobbying groups urged a D.C. federal judge on Wednesday to vacate the Commodity Futures Trading Commission's controversial cross-border swaps rules, maintaining the agency failed to conduct necessary rulemaking procedures before setting up the regulations.
Food companies that outsource production need to ensure their deals with manufacturing partners contain all the right ingredients and account for concerns such as quality control, labor issues and intellectual property protection. Here, experts provide tips companies should heed to keep these agreements from becoming recipes for disaster.
The U.S. trade representative fired back against criticism of government procurement provisions in negotiations for Trans-Pacific Partnership, saying the massive Asia-Pacific trade deal won’t hinder Buy American policies or restrict state and local procurement processes.
U.S. Trade Representative Michael Froman on Wednesday asked Congress to renew the African Growth and Opportunity Act, a preference program removing tariffs on some sub-Saharan African imports, just a week before a group of African leaders will convene in Washington, D.C., to urge continuance of the pact.
Eleventh hour negotiations between the Republic of Argentina and hedge funds demanding full repayment on approximately $1.5 billion worth of government bonds collapsed late Wednesday without a deal, and a court appointed mediator said the country will “imminently" default on its sovereign debt.
A bipartisan group of lawmakers has introduced legislation that would expand sanctions on Russia to include the nation's chief weapons dealer, a company left out in the most recent round of sanctions announced late Tuesday by President Barack Obama.
Kurdistan's regional government on Wednesday vowed to challenge the attempted seizure of more than 1 million barrels of oil from a tanker floating near Galveston, Texas, which the Iraqi government claims was pumped illegally from wells in semiautonomous Kurdistan.
Russia banned the import of certain fruits and vegetables from Poland as of August 1, claiming that the country has had nearly 1,000 paperwork violations, the Russian Veterinary and Phytosanitary Surveillance Service said Wednesday.
The Chinese government on Wednesday touted its ramped-up efforts to crack down on various forms of intellectual property infringement within its borders regarding products such as food, medicines and car parts, which has repeatedly drawn the ire of U.S. businesses operating in China.
A California federal judge on Tuesday declined to dismiss a proposed shareholder class action against aerospace technology company Valley Forge Composite Technologies Inc. over its alleged failure to disclose illegal exports, three months after tossing a prior complaint due to inadequate pleading.
Canada's minister of transport and Michigan's governor on Wednesday announced 10 appointees to two organizations that will oversee New International Trade Crossing project, an estimated $2 billion international bridge crossing between Detroit and Windsor, Ontario.
Following through on its vow earlier in the week, the White House late Tuesday coordinated with its counterparts in the European Union to roll out the most comprehensive set of sanctions against Russia to date, taking aim at the country's energy, finance and defense industries in response to the ongoing unrest in Ukraine.
The vast majority of civil cases in the United States settle before trial. Knowing how many on a particular topic were filed, how many settled, when they settled, and on what terms clearly would be useful to a lawyer advising a client. Big Data could make it possible — yet this type of research is generally ignored by lawyers, says James Wendell of Riddell Williams PS.
The Delaware Supreme Court could use the ongoing Indiana Electrical Workers Pension Trust Fund IBEW v. Wal-Mart Stores case — related to alleged bribery by Wal-Mart's Mexican affiliate — as an opportunity to revisit and clarify the Caremark standard of corporate board obligations, says Celia Taylor of Sturm College of Law at the University of Denver.
In a departure from Jewel v. Boxer, the decisions in the cases of Thelen LLP and Heller Ehrman LLP reflect a shift in the manner by which courts treat trustees’ claims for post-dissolution fees, say Angelo Savino and Julie Moeller Albright of Cozen O'Connor.
Although in previous cases World Trade Organization panels and the Appellate Body have rarely found that a measure did not qualify as a “technical regulation,” the European Communities seal products case puts future WTO complainants on notice that this threshold question regarding technical barriers to trade may have new life, say attorneys with Akin Gump Strauss Hauer & Feld LLP.
The U.S. International Trade Commission's recent advisory opinion interpreting the scope of its previously issued 2013 exclusion order in Certain Kinesiotherapy Devices and Components Thereof is an important step toward making the ITC a more practical forum for timely resolution of disputes over the scope of its remedial orders, say Shara Aranoff and Ali Mojibi of Covington & Burling LLP.
Despite the announcements and commentary that the U.K. Bribery Act of 2010 heralded a new and aggressive face toward corporate corruption, there have as yet been no corporate prosecutions brought under the act. But it would be perilous in the extreme to think it is business as usual when it comes to prosecuting corruption, says Raymond Sweigart of Pillsbury Winthrop Shaw Pittman LLP.
With importers increasingly relying on the use of the multitier "first sale" to a middleman for value declarations, U.S. Customs and Border Protection recently reminded the trade community that audits are well within its jurisdiction and that penalties may ensue for anyone misusing or abusing the rule, say Lindsay Meyer and Amanda Blunt of Venable LLP.
Bank of America’s roughly $16.5 million settlement with the Office of Foreign Assets Control for alleged violation of OFAC sanctions is a treasure trove of sanctions compliance guidance, and carries important lessons for those preparing to submit voluntary self-disclosures, says Michael Dobson Jr. of Kelley Drye & Warren LLP.
A recent report from the U.S. Department of Health and Human Services Office of the Inspector General resurfaced the issue of offshoring restrictions in the context of Medicaid contracts. This easily overlooked issue has been percolating to the top of the list for government agencies, state attorneys general and, perhaps, qui tam plaintiffs’ attorneys, say attorneys with Dickstein Shapiro LLP.
The U.S. Court of International Trade recently overturned the 30-year coexistence of the U.S. Department of Commerce’s substantial transformation test to determine a product’s country of origin and separate statutory provisions that seek to prevent circumvention of trade relief. The ramifications of the Peer Bearing Company-Changshan case are difficult to overstate, says Brian McGill of King & Spalding LLP.